PROSHARES ULTRA ETHER ETF (ETHT) Technical Analysis
NYSEARCA:ETHT • US74349Y5713
Current stock price
ETHT Technical Rating and Analysis
Overall ETHT gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. ETHT was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, ETHT is a bad performer in the overall market: 91% of all stocks are doing better.
- ETHT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month ETHT has a been trading in the 13.23 - 20.45 range, which is quite wide. It is currently trading near the high of this range.
- ETHT has an average volume of 2204950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
ETHT Weekly and Daily overview Charts
ETHT Setup Rating and Analysis
The technical rating of ETHT is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ETHT Support and Resistance Analysis
14.02
We found 2 important support areas.
- Support @17.66 from a horizontal line in the daily time frame.
- Support @14.16 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 19.86 to 19.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @44.50 from a horizontal line in the weekly time frame.
ETHT Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ETHT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ETHT is up. |
| ChartMill Relative Strength | 9.23 | NEGATIVE | ETHT has a low relative strength, it was outperformed by 90.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ETHT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ETHT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ETHT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.99 | NEUTRAL | The RSI value for ETHT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests ETHT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.86 | NEUTRAL | The Stochastics value for ETHT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.78 | HIGH VOLATILITY | The high ATR as a percentage value for ETHT suggests high volalility. |
| Average Directional Index/ADX (14) | 13.02 | NEGATIVE | The low ADX value for ETHT suggests a weak or negative trend. |
ETHT Chart- and CandleStick Pattern Analysis
ETHT Technicals: Chart, Performance Metrics, Trend & Indicators
19.23
+1.57 (+8.89%)
PROSHARES ULTRA ETHER ETF / ETHT TA FAQ
What is the ChartMill technical rating of PROSHARES ULTRA ETHER ETF (ETHT) stock?
ChartMill assigns a technical rating of 3 / 10 to ETHT.
What is the current trend direction of PROSHARES ULTRA ETHER ETF (ETHT) stock?
The current trend direction for PROSHARES ULTRA ETHER ETF (ETHT) is Bearish.
What is the RSI signal for ETHT stock?
PROSHARES ULTRA ETHER ETF (ETHT) has an RSI value of 57.9892. This indicates that the stock is currently neutral.
What is the short term momentum for PROSHARES ULTRA ETHER ETF (ETHT) stock?
The short term momentum for PROSHARES ULTRA ETHER ETF (ETHT) is positive.
Can you provide the buy/sell signal for PROSHARES ULTRA ETHER ETF?
The buy/sell signal for PROSHARES ULTRA ETHER ETF (ETHT) is hold as the short term and long term trends are mixed.